Mathematics, 15.11.2019 12:31, tiaholmes31
casey has a credit card with a $5,000 limit. she uses her credit card to pay $4,965 for some home improvement items. casey makes only her minimum payment of $50 on the card before the grace period ends. evaluate casey's actions.
. a. excellent; casey will not have to pay any fees or interest if she makes the minimum payment before the end of the grace period.
b. good; casey will be charged interest she could have avoided, but will not be charged other fees.
c. poor; casey will be charged interest and is at risk of going over her credit limit.
d. unacceptable; casey should have paid the minimum payment after the grace period to avoid interest charge
Answers: 2
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casey has a credit card with a $5,000 limit. she uses her credit card to pay $4,965 for some home im...
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